Managing your Money Easily (2)

April is coming to an end soon. I nearly forgot that I still own my reader another part of my entry regarding Managing your Money Easily the RULES #4 to 6. Been quite occupied in attending Baby Shower of Clients and Friends.

RULE #4, RE-FINANCE YOUR MORTGAGE LOANS. With the current competative rate among the banks, there is no lack of attractive loan package. So if you have fulfilled your lock-in period for your Home MOrtgage, it is a good time to look at re-financing it. The savings from a re-finance loan can be quite substantial due to the interest difference (but be sure taken into consideration the cost involved for re-financing). An equally good solution would be for your current financing bank to re-price your mortgage package at the rates aligned with prevailing ones. If the amount is significant enough, you can consider using it to knock down your mortgage principal which can reduce your monthly installment amount or loan tenor effectively.

RULE #5, LOOK OUT FOR OFFERS HELP YOU TO SAVE AS YOU SHOP. It's the year end and festive season is high, feel free to indulge yourself and family on that well deserved holiday, home entertainment system, family cars etc. But be on diligent lookout for good offers and special promotions which can enable you to save as you shop. Scan your daily tabloids carefully for discounts on travel, food. electrical appliances etc. And dont be so quick to delete those GROUPON or bigdeal spams that find their way to your inbox (just be sure to read the terms and conditions).

RULE #6, USE YOUR CREDIT CARDS TO YOUR ADVANTAGE. We have been warned against the indiscretionary use of Credit Cards. However, if you are able to settle your cards bills fully and on time, they are very good instruments for you to earn cash rebates to offset future bills or gain reward points to redeem for air travel, dinning or other forms of retail purchases. So there is not need to stay away from Credit cards if you use them wisely, appropriately and to your advantage.

In conclusion, decide now and start taking concrete actions for your financial future. The choice is infront of us: either you take action now to enjoy your retirement, or do nothing now to retire from your enjoyment.